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Is the COVID-19 pandemic a “great equaliser,” as New York governor Andrew Cuomo put it? Or could it be widening the wealth gap, pushing people out of the middle class? When US unemployment hit 14.7% in April, millions of Americans applied for unemployment benefits while thousands went on rent strikes and car lines for food banks stretched for miles. If you looked closely at the cars in those lines, you’d see something that suggested this was a very different kind of recession. Amongst the beaten up Corollas, there were shiny new BMWs and Mercedes – beacons of the aspirational middle class.
In Gold We Trust. Not for the first time in the long history of the lustrous metal, gold is living up to its status as both a store of value and a safe harbour in times of markets and geopolitical foment. For investors, the question is not so much whether they should have at least some exposure to the yellow metal – but how.
Right now in Australia we have the Australian Government’s massive jobkeeper programme keeping millions “employed”. We have big banks deferring and pausing the repayments on millions of loans. Trillions of dollars has been accessed early from super funds. Just about every other industry is doing its level best to chip in and bend over backwards to help flatten the recession curve through to a place and time where the economy can reopen again.
Independent Investment Research (IIR) recently authored a special investment report on pre-clinical oncology company Prescient Therapeutics (ASX: PTX) which gives great insight into the company and the progress they’ve made in recent months.
Small to medium-sized enterprises make up around 90% of global business but 80% still don’t have an online presence where they can promote their offerings. AppsVillage (ASX: APV) offers a simple and low-cost way for SMBs to create apps and advertise directly to their audiences via their phones.
Immuno-oncology (I-O) cancer medications have seen a big leap forward in the past few decades. Yet they face a major obstacle – while many I-O drugs are highly effective in treating certain cancers such as melanoma and lung cancer, they don’t have much success in treating other forms of cancer (eg. breast, ovarian, prostate, bowel).
In highly uncertain times like these most experts would advise investment in gold or stocks. So which one is most likely to perform in a pandemic economy?
We’re entering the sixth month of the pandemic and the road to recovery is proving to be a long one. There have been 10.4 million confirmed cases of COVID-19 and over 500 000 deaths globally. While most of Australia has the virus under control, a recent report from the Grattan Institute warns it would be a big mistake for Australia to implement austerity just because we’ve largely suppressed COVID-19.
Today’s world is more dependent than ever on digital connectivity. Spirit Telecom (ST1) – one of Australia’s biggest industry movers in the IT and Internet space – is making strides towards becoming the ‘OfficeWorks’ of IT and Internet. In the last 12 months, they have developed all the different ‘aisles’ of their internet one-stop-shop, including support, security, managed Wi-Fi and Cloud Storage.
Armed with patented technology that welds thicker components 100 times faster than traditional welding, K-TIG (ASX: KTG) offers deadline-focused production lines a major competitive advantage.
It’s 2020, and anything could happen! From the COVID-19 pandemic, to political protests, heart-breaking unemployment numbers and an Australian economic recession which broke the world’s longest recession free streak – 2020 has been a wild ride.
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